Tag Archives: Food

IMPAG acquires FALCONE Specialties

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Swiss Chemical Distribution Industry sees further Consolidation

Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired compatriot FALCONE Specialties AG (Regensdorf (Zurich), Switzerland) for an undisclosed sum from shareholders Sebastiano Falcone and Roman Widmer, effective 20. October 2021.

 

The company, which was founded in 2010 and serves a number of industries such as Paints & Coatings, Rubber, Food & Beverages and Nutrition, will continue to trade under its current name within IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria. FALCONE’s Managing Partner Roman Widmer will relinquish his current role effective end of 2021, and subsequently assume new responsibilties within IMPAG Group, the announcement said.

 

No financial details were disclosed on the transaction.

 

Source: IMPAG press release, FALCONE market communication, DistriConsult analysis

 

HGE – DCG / 29.10.2021

Biesterfeld acquires GME Chemicals in Singapore

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Expanded Presence in Asia for German Distribution Group

Polymers, elastomers and speciality chemicals distributor Biesterfeld AG (Hamburg, Germany),  has acquired a majority stake in Singapore-based distribution company GME Chemicals Pte. Ltd. (Singapore) for an undisclosed sum. The outstanding shares will be acquired at a later stage, with full take-over planned for the year 2026.

 

Established in 1999 in Singapore, GME Chemicals today has subsidiaries in Malaysia, Indonesia, Vietnam, Thailand and China with a staff of 60 employees. The company is active in performance and industrial chemicals, elastomers and specialty polymers. It supplies customers in sectors such as Petrochemicals, Industrials, Personal Care, Food, Pharmaceuticals and Animal Nutrition.

 

No financial details were disclosed on the transaction.

 

Biesterfeld press release; GME Chemicals website

 

HGE / DCG – 21.10.2021

Safic-Alcan acquires Rit-Chem in the U.S.

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French Distribution Group enhances Presence in North America in Performance Chemicals and Life Sciences

Specialty Chemicals distributor Safic-Alcan S.A. (Puteaux (Paris), France) has announced that the group has acquired 100% of the shares of Rit-Chem Co., Inc. (New York, NY – United States), a “boutique chemical distributor” for an undisclosed sum. Rit-Chem will become part of the ChemSpec, Ltd. (Uniontown, OH – United States), the American affiliate of the Safic-Alcan Group.

 

Established in 1972 by Henry Ritell, Rit-Chem started off by supplying specialty chemicals to Paints & Coatings manufacturers, before diversifying in fields such as Rubber, Plastic and Food/Feed. The company serves customers from a number of “strategically located” warehouses and markets a range of proprietary product brands, Safic-Alcan said in the announcement.

 

No financial details were disclosed on the transaction.

 

Source: Safic Alcan press release

 

HGE / DCG – 30.09.2021

OQEMA announces the Acquisition of Casoria in Ireland

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German Distribution Group further expands Activities in Ireland

Chemicals distributor OQEMA AG (Korschenbroich / Liedberg (Mönchengladbach), Germany)  has announced the acquisition of Casoria Company Ltd. (Cavan, Co. Cavan, Ireland), a regional distributor for a range of industrial chemicals.

Founded in 1998 by Declan Young, its current Managing Director, the company also markets food hygiene solutions and selected metal products. According to the announcement, the management of Casoria will remain in place and join part of the “OQEMA Western Hub”, which includes the existing Irish based businesses of the group.

No financial details were disclosed on the transaction.

Source: OQEMA press release; Casoria website

HGE – DCG / 24.08.2021

LBB Specialties acquires Connecticut-based Distributor Centerchem

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NYC-based Distribution Group makes another Consolidation Move on the East Coast

U.S. chemical distribution investor LeBaronBrown Specialties LLC [“LBB Specialities”] (New York, NY – United States), has recently announced that it has acquired Centerchem, Inc. (Norwalk, CT – United States), a distributor of specialty chemicals for the Personal Care and the Food & Nutrition markets.

 

No financial details were disclosed on this transaction.

 

Source: LBB Specialties LLC press release; CCS website

 

HGE – DCG / 10.08.2021

Azelis to acquire Paris based Quimdis S.A.S.

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Specialties Distribution Group takes part in further Consolidation of Life Sciences Ingredients Distribution in EMEA

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire Quimdis S.A.S. (Levallois-Perret (Paris),  France), a distributor of ingredients for Nutraceuticals, Flavors & Fragrances, Animal Nutrition, Personal Care, Pharma and Food. Besides enhancing the position of Azelis France in the life sciences sector, Azelis expects the acquisition to strengthen its offering to fast-growing and attractive markets, the ananouncent said.

 

Quimdis was founded in 1988 by Jean-François Quarré, Michel Manalt and Claire Couratier, originally focusing on essential oils and active ingredients. Today the activities include ingredients distribution and formulation development in the French market and sales to more than 45 countries. Quimdis holds Ecocert, ISO 9001: 2015 and ISO 22000: 2005 approvals and certifications. The company has sales close to EUR 100 mn and its 78 employees serve over 1’000 customers and ca. 400 suppliers. Mr. Quarré will remain in his position to support the transition of Quimdis to Azelis. 

 

No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to Azelis’ press release.

 

Source: Azelis press release

 

HGE – DCG / 23.07.2021

Azelis acquires Seoul based Food Ingredients Distributor MH Co., Ltd.

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Specialties Distribution Group to grow further in South Korea by Add-on Acquisition

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has acquired MH Co., Ltd. (Seoul, South Korea), a distributor of Food Additives & Ingredients for an undisclosed sum.
According to the announcement, this acquisition is helping Azelis in broadening “its offering in the highly attractive and expanding innovative food market of South Korea, with its 51 mn inhabitants and a high GDP per capita”. Azelis has made its first acquistion in Korea in 2018, entering the Personal Care sector at the time. 

Established in 2005, the company disrributes Food Ingredients such as Gluten, Starches, Sweeteners, and Functional Food Additives. MH is a family-owned business, controlled by Maeng Moon-Ho, who will remain with the company and support the integration of MH into Azelis.

No financial information was disclosed on the transaction.

Source: Azelis press release

HGE – DCG / 05.07.2021

IMPAG acquires Barcelona based INNOVAFOOD

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Swiss Distributor enters Iberian Peninsula with Food Ingredients Acquisition

Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired INNOVAFOOD 2005 S.L. (Barcelona, Spain) from founder and CEO Oriol Viladevall for an undisclosed sum.  The company,  which is active in the Food & Nutrition sector, has a turnover of ca. EUR 10 mn according to media reports, split ca. 40:60 between distribution and agency.

 

INNOVAFOOD was established in 2005 and supplies a range of natural food ingredients. The company will be integrated into the IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria.

 

Source: IMPAG press release, www.sweetpress.com, DistriConsult analysis

 

HGE – DCG / 20.04.2021

OQEMA announces the Acquisition of Proquibasa in Spain

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German Distribution Group expands to the Iberian Peninsula

Chemicals distributor OQEMA AG (Mönchengladbach, Germany)  has announced the acquisition of Proquibasa S.A. (Barcelona, Spain) for an undisclosed sum. The company focuses on Coatings, Construction & Adhesives, Industrial Cleaning, Textile & Water Treatment, Food, Feed and Pharma. It has been active in the Spanish distribution market for over 40 years, and more recently also in Portugal and North Africa.

 

Proquibasa has two main warehouses, located in Barcelona and Madrid, and a network of warehouse locations across Spain and Portugal. Proquibasa’s range of commodity and semi-speciality products and their value-added services are seen as a  perfect fit with OQEMA’s “full-line” distribution offering. Ivan Sanchez, who has managed Proquibasa with its team of more than 60 employees since 2016, will continue to lead the company, OQEMA said in the announcement.

 

No financial details were disclosed on the transaction.

 

Source: OQEMA press release

 

HGE – DCG / 16.03.2021

Grupo Indukern divests its Ingredients Business to Ravago

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Future Focus on Human and Animal Health with Kern Pharma and Calier

Healthcare and specialty chemicals distributor Grupo Indukern (El Prat de Llobregat (Barcelona), Spain) announced yesterday that it has reached an agreement with Ravago Group (Luxembourg, Luxembourg) to sell 100% of its subsidiary Indukern, a distributor of  additives and ingredients for the Food, Flavours & Fragrances, Pharma and Animal Nutrition industries for an undisclosed sum.

 

Indukern, which represents about half of the groups’ turnover (total ca. EUR 715 mn) has activities in Spain, Brazil, China, Columbia, France, Mexico, Portugal and Switzerland, employing a staff of 520 (thereof 171 in Spain).

 

In the future, Grupo Indukern plans to focus on its activities in the Human and Animal Health sectors. These activities are bundled under the Kern Pharma and Calier brand, respectively.

 

Ravago Chemicals, so far active mostly in technical markets such as CASE, PU & Polymers, Water and Care & Base Chemicals, but also in Lifes Sciences, positioned the acquisition as a strengthening  of it’s specialty chemicals offering.

 

No further financial details were disclosed on the transaction, which is subject to certain regulatory approvals.

 

Source: Indukern website, La Vanguardia website, PlantaDoce website, Ravago announcement on LinkedIn

 

HGE – DCG / 02.03.2021

IMCD to acquire Mexican Distributors Millikan and Banner Química

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Guenther Eberhardguenther

Further Momentum for IMCD’s Growth Plans in Mexico

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Millikan S.A. de C.V. [“Millikan”] and Banner Química S.A. de C.V. [“Banner Química”] (Mexico City, Mexico), two distributors of specialty chemicals. This follows the establishment of IMCD Mexico in April 2020, a company that serves the Pharmaceuticals, Food, Nutrition and Personal Care industries.

 

Millikan was established in 1998 and offers technical support and commercial expertise to customers in the Food, Nutrition, Pharmaceuticals and Industrial markets. Banner Química, set up in 2009, has a history in providing  formulations and solutions for Personal Care and Home Care.

 

The two companies collectively generated revenues of USD 15 mn (ca. EUR 13.1 mn) in 2019 and will add 60 employees to the IMCD Mexico team, the announcement said. IMCD’s technical capabilities will also be enhanced through the addition of Food and Personal Care laboratories. No financial details were disclosed on these two transactions.

 

Source: IMCD press release

 

HGE – DCG / 07.12.2020

IMCD to acquire Siyeza in South Africa

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Further enhanced Pharma Industry Coverage for Rotterdam based Distribution Group

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced earlier this week that it has signed an agreement to acquire 100% of the shares in ingredients distributor Siyeza Fine Chem Propriety Limited [“Siyeza”] (Johannesburg, South Africa).

Founded in 2007, the company is a leading distributor of Pharmaceutical, Veterinary, Food and Personal Care speciality chemical ingredients in South Africa, IMCD said in the announcement. The company has 27 employees and generated revenues of EUR 11.7 mn in 2019. It represents producers from Europe and Asia.

 

Closing of the transaction is subject to a regulatory review. It is expected for December 2020. The company will continue with its present management and staff.

 

No financial details were disclosed on this transaction.

 

Source: IMCD press release

 

HGE – DCG / 04.09.2020

Azelis announces Agreement to acquire Orokia Israel Ltd.

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Private Equity owned Distribution Group enters enters Market in Israel for the first Time

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire  Orokia Israel Ltd. (Netanya, Israel), a distributor of specialty chemicals.

Created in 2005, Orokia today is active in multiple market segments.  Representing several of what Azelis calls “blue chip principals”, the company serves a range of industries, such as Agrochemicals, Animal Nutrition, Personal Care, Food, Pharmaceuticals and Industrial Chemicals. All of Orokia’s employees will move to Azelis, the statement said.

No financial information was disclosed on the transaction.

Source: Azelis press release, DistriConsult analysis

HGE – DCG / 24.07.2020

Maroon Group has acquired Holland Chemicals

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Further consolidation in the U.S. Specialty Chemicals Distribution Industry

North American specialty chemicals distributor Maroon Group LLC (Avon, OH – United States) announced that it has acquired Holland Chemicals Inc.  (Burr Ridge, IL – United States), a distributor of specialty chemicals and ingredients for Personal Care, Household & Industrial Cleaning, Food, and general industrial markets. Holland Chemicals’ management team, led by Jonathon Rhodes, will continue to actively manage the business on a day-to-day basis, Maroon Group said in the statement.

Neither financial details nor terms of the transaction were disclosed.

Source: Maroon Group website

HGE – DCG / 06.07.2020

Azelis to acquire Assets of PT Primaditha Jaya Mandiri

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Enhanced Coverage of Food Industry in Indonesia with third Acquisition this Year for Azelis

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire the distribution assets of PT Primaditha Jaya Mandiri  [“Primaditha”] (Tangerang, Jakarta – Indonesia), an import and distribution business for ingredients and additives for Processed Meat, Savoury Products and Beverages, for an undisclosed sum.

Established in 2008, privately owned Primaditha is active in the greater Jakarta area. The employees will join the Azelis team, including the current co-owners, Mrs. Helianti Laurensia and Mrs. Woro Setyaningtyas. The former will be named Head of Business Developement and the latter Senior Sales Manager Food & Health, both reporting to Antonius Prihantono, Managing Director of Azelis Indonesia.

No financial information was disclosed on the transaction.

Source: Azelis press release, DistriConsult analysis

HGE – DCG / 18.05.2020

IMCD to acquire Shanghai-based Pharmaceutical Ingredients Business from Develing International Trade

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Dutch Distribution Group enhances Pharma Industry Coverage in China

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has signed an agreement to acquire the Pharmaceutical Business in China of Develing International Trade (Shanghai) Co. Ltd. (“Develing”) (Shanghai, China) for an undisclosed sum.

 

Develing International, with head office in Shanghai, is a Dutch sales and distribution company (B2B) of high-quality ingredients for the Food, Pharmaceutical, Chemical, and Feed industry in China and Vietnam. Its holding office is located in Bunschoten-Spakenburg, The Netherlands. The group has a number of subsidiaries in China, Vietnam and the United States. With a staff of more than 90 employees it realises sales in excess of EUR 120 mn per annum.

 

The acquired business, representing sales of approx. EUR 10 mn annually, will be integrated into IMCD China’s business unit Pharma. There will be synergies with IMCD’s existing product range, the company said in the announcement.

 

No financial details were disclosed on this transaction, which is subject to a number of closing conditions being fulfilled.

 

Source: IMCD press release, Develing website, DistriConsult analysis

 

HGE – DCG / 15.05.2020

Azelis to acquire Mexican Distributor Megafarma

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Entry into Latin America for Azelis with Acquisition in Mexico

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire 100% of the outstanding shares of Megafarma S.A. de C.V. (Mexico City, mexico), a specialty chemicals distributor for the Pharmaceutical, Veterinary and Food Industries in all regions of Mexico

Megafarma was established in 1973. Besides its head office in Mexcio City, it has locations in Guadaljara and Monterrey.

No financial information was disclosed on the transaction, which is expected to close in the coming months.

Source: Azelis press release, Megafarma website

HGE – DCG / 18.12.2019